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Candelo Capital Management LP

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13F filer, CIK 1845660, NEW YORK, NY

Candelo Capital Management LP reported $115,991,227 across 29 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 52.24% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001845660-25-000008

Period
2025-09-30
Reported value
$116M
Holdings
29
Top 10 weight
52.24%
New
13
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNPnew+24,600$5.81M
MODnew+39,053$5.55M
ESInew+207,830$5.23M
BDCnew+42,166$5.07M
GLWnew+58,989$4.84M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DTMexited-53,538-$5.88M
CPexited-67,800-$5.37M
PTCreduced-24,306-$4.93M
MIRexited-203,161-$4.37M
XPOexited-32,102-$4.05M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001845660-25-000008, largest first. % of portfolio is the value over $111,790,987, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TDYTELEDYNE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,500 shares; 2025Q2: 12,106 shares; 2025Q3: 15,401 shares 15,401$9.03M8.07%+3,295Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 210,868 shares; 2025Q1: 141,024 shares; 2025Q2: 153,648 shares; 2025Q3: 134,195 shares 134,195$7.3M6.53%-19,453Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,600 shares 24,600$5.81M5.2%newTimeline
MODMODINE MFG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 39,053 shares 39,053$5.55M4.97%newTimeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,600 shares; 2024Q4: 16,500 shares; 2025Q1: 32,172 shares; 2025Q2: 14,670 shares; 2025Q3: 13,018 shares 13,018$5.39M4.83%-1,652Timeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354,315 shares; 2024Q4: 193,229 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 207,830 shares 207,830$5.23M4.68%newTimeline
LHXL3HARRIS TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 21,200 shares; 2025Q3: 17,022 shares 17,022$5.2M4.65%-4,178Timeline
BDCBELDEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,711 shares; 2024Q4: 52,680 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 42,166 shares 42,166$5.07M4.54%newTimeline
ATIATI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 80,273 shares; 2025Q3: 60,896 shares 60,896$4.95M4.43%-19,377Timeline
CWCURTISS WRIGHT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,500 shares; 2024Q4: 22,346 shares; 2025Q1: 24,355 shares; 2025Q2: 9,338 shares; 2025Q3: 8,948 shares 8,948$4.86M4.35%-390Timeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 165,646 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 58,989 shares 58,989$4.84M4.33%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,700 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 16,800 shares 16,800$4.69M4.2%newTimeline
WWDWOODWARD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,167 shares; 2025Q3: 17,300 shares 17,300$4.37M3.91%+1,133Timeline
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,050 shares; 2025Q3: 11,375 shares 11,375$4.29M3.84%-1,675Timeline
VMCVULCAN MATLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 18,400 shares; 2025Q2: 15,000 shares; 2025Q3: 13,350 shares 13,350$4.11M3.67%-1,650Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,200 shares 24,200$4.04M3.61%newTimeline
PTCPTC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,027 shares; 2024Q4: 35,365 shares; 2025Q1: 43,350 shares; 2025Q2: 43,500 shares; 2025Q3: 19,194 shares 19,194$3.9M3.49%-24,306Timeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 74,691 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 27,970 shares 27,970$3.84M3.44%newTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,800 shares; 2024Q4: 26,904 shares; 2025Q1: 27,000 shares; 2025Q2: 17,654 shares; 2025Q3: 8,900 shares 8,900$3.79M3.39%-8,754Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,900 shares; 2025Q3: 10,726 shares 10,726$3.53M3.16%+826Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,835 shares; 2025Q3: 10,022 shares 10,022$3.47M3.1%-5,813Timeline
POWLPOWELL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,073 shares; 2024Q4: 9,007 shares; 2025Q1: 24,013 shares; 2025Q2: 17,600 shares; 2025Q3: 8,583 shares 8,583$2.62M2.34%-9,017Timeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,675 shares; 2024Q4: 41,475 shares; 2025Q1: not reported; 2025Q2: 31,568 shares; 2025Q3: 15,500 shares 15,500$2.34M2.09%-16,068Timeline
RIOTRIOT PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 94,800 shares 94,800$1.8M1.61%newTimeline
MRCYMERCURY SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,300 shares 15,300$1.18M1.06%newTimeline
KRMNKARMAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 18,400 shares; 2025Q3: 8,100 shares 8,100$585K0.52%-10,300Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XLBSELECT SECTOR SPDR TR SBI MATERIALSput30,000$2.69Mnew
LIILENNOX INTL INC Stockput1,500$794Knew
FFORD MTR CO Stockput60,000$718Knew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
DTMDT MIDSTREAM INC53,538$5.88Mshares
CPCANADIAN PACIFIC KANSAS CITY67,800$5.37Mshares
MIRMIRION TECHNOLOGIES INC203,161$4.37Mshares
XPOXPO INC32,102$4.05Mshares
EQTEQT CORP65,030$3.79Mshares
LNGCHENIERE ENERGY INC11,000$2.68Mshares
JETSETF SER SOLUTIONS100,000$2.3Mput
XLESELECT SECTOR SPDR TR25,000$2.12Mput
KNFKNIFE RIVER CORP10,000$816Kput
BKRBAKER HUGHES COMPANY20,000$767Kput

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001845660-25-000008 base2025-11-14acceptance time not in the bulk data set